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SLB - Hedge

HAVING TROUBLE PRINTING?
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SLB - Schlumberger is hitting resistance after a healthy bounce. We recommend selling the MARCH 95 Calls at 0.70 or higher. Sell the same or less contracts as the put position. Depending on you profit, you could buy to cover the short puts and re sell the 75 strike price if the stock drops back down to 80.

Resistance is at 89. You could sell the 90s. But that takes more risk management and is more aggressive

WYNN - The newly updated risk management on this is to cover the puts at a close below 106 (Jan 31st low).

SPY - Sell the calls at the 143 resistance. This is to hedge the puts. Don't sell these if you don't have the SPY puts.

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